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Views: Visits 6 The Economic and Financial Crimes Commission (EFCC) says it has commenced the process of carrying out fraud risk assessment on Federal Government agencies as part of efforts to fight corruption in the country. Executive Chairman of EFCC, Abdulrasheed Bawa, told the News Agency of Nigeria (NAN) in New York that the measure would detect the agencies that were vulnerable to fraud. Bawa said EFCC had built its capacity to understand fraud risk assessment, which it had already started implementing. “The idea is for us to advise government on vulnerability of those agenci...

ISLAMABAD: Chairman of National Accountability Bureau Justice Javed Iqbal has said corruption is estimated to cost the world at least $2.6 trillion annually, approximately 5 percent of the global...

Top Story June 5, 2021 ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (R) Javed Iqbal said corruption is estimated to cost the world at least $2.6 trillion annually, approximately 5 percent of the global GDP. It is estimated that $1.26 trillion are lost by the developing countries to corruption, bribery, theft and tax evasion each year. This is approximately nine times official development assistance funding. He said Pakistan’s commitment to eradicate corruption remains clear and firm as it has established a comprehensive legal and institutional framework for combating co...

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has revealed that the introduction of the whistleblower policy has led to the recovery of $43 million by the Federal Government.

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